162% return in 2 years: This PSU stock in focus after Budget JV announcement - Check target price

NTPC Share Price Target NSE, BSE: Shares of NTPC,  one of India's leading power generation companies, are in focus after Finance Minister Nirmala Sitharaman announced its joint venture with BHEL. The counter opened with a slight gain at Rs 382.40 and gained further to the intraday high of Rs 393.3 - a high of 2.86 per cent from the previous close of 382.35. 

NTPC Share Price Target NSE, BSE

Brokerage firm JM Financial has given a 'BUY' call for NTPC with a target price of 414 for the next 12 months. 

NTPC Share Price History

NTPC is one of the multibagger stocks which have given a return of over 99 per cent in one year and 162 per cent in two years. The counter has already gained over 26 per cent so far this year. 

NTPC in news after Budget 2024

Finance Minister Nirmala Sitharaman announced in her Bduget 2024 speech that the state-owned enterprises NTPC and BHEL will form a joint venture to set up 800 MW supercritical thermal power plants with higher efficiency.

The government will come out with a document on the energy transition pathway, Sitharaman said on Tuesday.

A policy to support pump storage projects will be brought to provide round-the-clock energy, she said while presenting the Budget for 2024-25 in the Lok Sabha.